Banca: Urge modificar la directiva de cuentas básicas para asegurar el acceso a población vulnerable

Finance Watch Asufin 65ymas.com/economia/banca…

Ecosystems are subject to 'tipping point' dynamics where, after a certain threshold, small pressures lead to dramatic and irreversible state change.
Our UCL Institute for Innovation and Public Purpose Global Systems Institute report examines the potentially devastating economic and financial consequences.
ucl.ac.uk/bartlett/publi…

🎉Today is Finance Watch’s anniversary. 13 years of  #MakingFinanceServeSociety in 5 figures:
∙ 1M+ website visitors
∙ 3,000+ media articles
∙ 330+ policy reports
∙ 70+ legislative files covered
∙ 80+ events organised
Much more to come! Get involved finance-watch.org/get-involved/

🥳💪Victory on the regulation of #ESG rating providers: Key recommendations pushed by Finance Watch are now European law.

#ESG ratings #SustainableFinanceEU #SusfinEU

Explanations👇

finance-watch.org/blog/new-europ…

'les frontières entre banques et non-banques s'estompent [...] les banques restent exposées à des risques de crédit et de financement, qui semblaient à première vue s'être déplacés vers les #NBFI '
#CMU #Titrisation
lesechos.fr/idees-debats/e…

#EIOPA rightfully highlights urgent need for action to tackle #climaterisk . A wake-up call!

🌐Our report on #transitionplans for insurers offers a vision for a strategic pivot in the insurance sector to mitigate these escalating threats. Dive in here 👉finance-watch.org/policy-portal/…

Il n'y a pas d'exception française en termes de crise bancaire. Les coûts budgétaires des crises sont colossaux. Le HCSF a été créé pour les éviter. ⁦Les Echos⁩ ⁦Jean-Marc Vittori⁩ @lbs ⁦Thomas Philippon⁩ ⁦Christine Lagarde⁩ ⁦⁦Olli Rehn⁩ lesechos.fr/idees-debats/e…

'This is understandable, if typical, lobbying [..] But it comes as EU bank profitability (& share price perf.) has improved markedly [..] Dressing this up in strategic status, a non-existent designation with unclear benefits, just feels a little cuckoo' ft.com/content/1fb62a…

🌏Far more money flows to the causes of the climate crisis, than to the solutions!

Financial authorities must ackowledge climate science:

#ResetFinance
#Climaterisk
#PluralismInScenarioAnalyses
#ClimateLTV
#OneforoneRule
#ClimateCovenants
#SocialTaxonomy
#FixTheFinance

Restrictive fiscal policy threatens industrial and service cooperatives.

The next 🇪🇺 Strategic Agenda must include:
- targeted public subsidies
- a long-term EU just transformation fund
- progressive social agenda

Read our article and the joint letter: shorturl.at/hqs06

Along with 60 civil society orgs, unions, think tanks, & academics led by #FiscalMatters , Finance Watch reiterates warning against hasty fiscal consolidation and calls for new strategic priorities for Europe👇
finance-watch.org/policy-portal/…

[📢Nouveau rapport] La menace que fait peser le chaos climatique sur les modèles économiques classiques du secteur des assurances va faire des #plansdetransition de véritables bouées de sauvetage pour les assureurs et pour l’ensemble de l’économie... 👇
finance-watch.org/leblog/nouveau…

Mandatory transition plans for insurance could be an effective tool to accelerate the path to net-zero. They’re vital tools to mitigate risks and drive economic resilience. Read Finance Watch's report here: buff.ly/3W4vGYV

Insurers also have a role to play in tackling climate change:
1⃣ In using their position as big investors/shareholders to push companies towards sustainability
2⃣ As insurers of businesses they should factor sustainability criteria into their fees to set incentives for change 👇

See you at our next webinar on 25 April at 12:00 CET?
If you want to find out the steps that the #EU should take to break down the barriers to basic bank accounts for vulnerable people, register now 👇
finance-watch.org/event/breaking…

BREAKING🚨 18 EU member states ❌ will not be able to meet their targets for investment in schools, hospitals & housing.

New 🇪🇺 economic governance rules being voted later this month would mean a return to austerity.

#TogetherAgainstAusterity